Question

an insurance company offers a no-claims discount of 55% for drivers who have not had an accident for four years. if the discounted premium for such driver is £334 how much did the driver save

Answer 1

Amount the driver saved = £408.22

Explanation:

Let the original price be = x

Discount % = 55%

Given price after discount = £334

Price after discount = x - (55% of x )

`334 = x - ((55)/(100) * x)\\\\334 = (100x - 55x )/(100)\\\\334 * 100 = 45x\\\\x = (334 * 100)/(45) = 742.22`

Therefore original price = £742.22

Amount the driver saved = 742.22 - 334

= £408.22